16 West 48th Street, Manhattan
Condominium · 152 units · built 2005 · Block 1263, Lot 7501.
Building permits
- No Work, filed Jun 25, 2024
- Alteration, filed Jun 19, 2024, estimated cost $1K, described as “Filing for the minor general construction in cellar, increase occupant load on the ground floor from 36 to 130 and decrease the occupant load in cellar from 114 to 95. No change to use/zoning or egress.”
- Alteration, filed Mar 15, 2024, estimated cost $126K, described as “Filing for Modification of the plumbing system in the existing restaurant.”
- Alteration, filed Mar 13, 2024, estimated cost $195K, described as “Filing for the removal and installation of NEW Mechanical system, fans, ducts, diffuses and related piping.”
- Alteration, filed Feb 23, 2024, estimated cost $95K, described as “Minor interior renovation. Minor partitions and replacefinishes. No change to use, occupancy, zoning or egress.”
- Alteration, filed Feb 14, 2022, estimated cost $165K, described as “Upgrades of the ventilation and exhaust system for the hot water heater. No change in use, egress, or occupancy.”
- Alteration, filed Nov 5, 2021, estimated cost $48K, described as “Leak repairs will include removal of the entrance tile finish & overburden, replacing the waterproofing along the cellar and reinstalling the tiles to properly slope to drains. No change, in use, egress or occupancy.”
Property taxes
- Assessment
- $27,583,663
- 2026–27 tax
- $2,984,853
- Market value (city estimate)
- $61,297,009
- Taxable value
- $24,928,315
- Assessed land
- $3,010,520
- Assessed improvements
- $24,573,143
- Condo units with their own tax lots
- 153
Tax breaks
- Co-op and condo abatement, with no end date, a $84,885 credit this tax year.
Zoning
C6-4.5: floor area ratio 18.03 built, above the 12.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jan 28, 2026: $1,045,000, Apt 4F
- Apr 18, 2025: $1,180,000, Apt 15B
- Feb 20, 2025: $1,653,000, Apt 24B
- Dec 18, 2024: $1,200,000, Apt 30D
- Nov 26, 2024: $1,400,000, Unit PHC
- Nov 22, 2024: $785,000, Apt 5C
- Nov 19, 2024: $1,068,000, Apt 18C
- Aug 13, 2024: $995,000, Apt 12B
- Jun 3, 2024: $1,225,000, Apt 21A
- Apr 29, 2024: $630,000, Apt 3C
The 10 most recent of 53 open-market sales since 2016, from the Department of Finance’s sales files.